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The New York Bank launches a blockchain accounting tool, and BlackRock is the first to adopt it.
According to Gate.io News bot, as reported by Fortune, a New York bank has launched an accounting tool based on Blockchain technology, with BlackRock becoming the tool's first customer. This tool provides real-time data on the net asset value (NAV) of funds on-chain. Caroline Butler, the head of digital assets at the New York bank, pointed out that the new product brings greater transparency to tokenization funds.